First Calgary Petroleums, Ltd (FCP.T) Message Board

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Gold/Mining/Energy : First Calgary Petroleums, Ltd (FCP.T)

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To: Cal Gary who wrote (596)	6/16/2005 11:43:25 AM
From: Cal Gary	of 603

First Calgary $100-million financing fully subscribed First Calgary Petroleums Ltd (TSX:FCP) Shares Issued 183,591,052 Last Close 6/15/2005 $8.50 Thursday June 16 2005 - News Release Mr. Richard Anderson reports FIRST CALGARY PETROLEUMS LTD. ANNOUNCES TAKEUP OF BOUGHT DEAL FINANCING AND UNDERWRITER'S OPTION First Calgary Petroleums Ltd. confirmed in Stockwatch on June 15, 2005, a bought deal financing to raise approximately $80-million (U.S.) ($100-million) together with an underwriter's option to acquire additional securities with proceeds of up to a further $30-million (U.S.) ($37-million). FCP has today, June 16, 2005, been informed by the underwriter, Canaccord Capital Corp., that all the securities comprising the bought deal have been placed with investors and that Canaccord intends to exercise the underwriter's option in full. Accordingly FCP expects that the gross proceeds of the financing will be $110-million (U.S.) ($137-million) in total. Richard Anderson, president and chief executive officer, commented, "I am delighted by the shareholder response to our fundraising which underlines their support for our go forward strategy." © 2005 Canjex Publishing Ltd.

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